MSPHX Fees and Costs — MassMutual Total Return Bond Fund, Service Class
Data updated: 2025-08-25
The net expense ratio is 0.53%: a 0.30% management fee plus 0.28% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $22K in broker commissions, 0.0029% of average net assets, and portfolio turnover was 508%.
MSPHX Fees and Expenses
Annual operating expenses and sales charges of MSPHX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.30% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.28% |
| Gross expense ratio | 0.58% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.53% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
MSPHX Costs Over Time
On $10,000 invested in MSPHX, assuming 5% a year before costs, total costs come to $336 over 5 years, cutting the return by 0.56% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.53%) | $56 | $174 | $304 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $56 | $184 | $336 |
| Value after costs | $10,444 | $11,392 | $12,426 |
| Impact on return, per year | 0.56% | 0.56% | 0.56% |
MSPHX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0029%
- Total broker commissions: $22K
- Bought from dealers (principal trades, not a cost): $18.6B
- Portfolio turnover (prospectus): 508%
- Securities on loan, average value: $39.3M
- Net income from securities lending: $296K (0.039% of average net assets)
MSPHX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Citigroup Inc. | $19K | 86.81% |
| Morgan Stanley & Co. LLC | $3K | 12.97% |
| Goldman Sachs & Co. | $49 | 0.22% |
MSPHX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $9.2B | 54.34% |
| Bank of America Merrill Lynch | $1.5B | 8.65% |
| Goldman Sachs & Co. | $1.3B | 7.44% |
| Morgan Stanley & Co. LLC | $1.2B | 6.93% |
| Mizuho Securities Co., Ltd. | $849.9M | 5.03% |
| JPMorgan Chase & Co. | $767.7M | 4.54% |
| Citigroup Inc. | $756.9M | 4.48% |
| Citadel Securities LLC | $590.3M | 3.49% |
| Wells Fargo Securities, LLC | $459.2M | 2.72% |
| Bank of Montreal | $405.3M | 2.40% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.